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....50 per Mwh, about twice the wholesale price of electricity. The government’s pledge to ban new petrol and diesel car sales from 2040 was welcome because it would create extra demand for power, he said, but it would be a “bit odd” if vehicles were powered by a fossil fuel such as coal. ...
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....There was an 8% drop in lending extended for new vehicles, in a move that could alleviate concerns over a credit bubble in motor finance. Booming car sales helped by financing deals have troubled the Bank of England, which sounded the alarm in July over consumers racking up debt they may find difficult to pay back in future. ...
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....There was an 8% drop in lending extended for new vehicles, in a move that could alleviate concerns over a credit bubble in motor finance. Booming car sales helped by financing deals have troubled the Bank of England, which sounded the alarm in July over consumers racking up debt they may find difficult to pay back in future. ...

....50 per Mwh, about twice the wholesale price of electricity. The government’s pledge to ban new petrol and diesel car sales from 2040 was welcome because it would create extra demand for power, he said, but it would be a “bit odd” if vehicles were powered by a fossil fuel such as coal. ...

.... Transparency Market Research estimated the global lithium-ion battery market at $30bn in 2015, rising to more than $75bn by 2024. Morgan Stanley analysts expect global car sales to rise by 50% by 2050 to more than 130m units a year, and estimates that electric vehicles will account for at least 47% of that total. ...

....The survey, for insurance firm Aviva, also showed that, after VW’s emission scandal and amid concerns over pollution, drivers are turning away from diesel: 68% said their next car would be petrol, with only 21% choosing diesel. New car sales are currently split roughly half and half between petrol and diesel. ...

.... The UK, already converged, can only lose. Rutter recognises that Fox and the other gamblers in government may prove to be right and, for the sake of a few car sales, the EU will roll over, but she warns “it would be foolish for the UK to base its economic future on that hope”. ...

....The forecast is much more aggressive than most other projections, such as the UK’s National Grid which on Thursday said it expects 90% of new cars in Britain to be electric by 2050. France’s commitment last week to banning new petrol and diesel car sales by 2040 suggests it also thinks the roll-out of electric vehicles will be slower than ING’s report expects. ...

....The forecasts are contained in the grid’s Future Energy Scenarios report, published just days after Volvo said all its new cars would be electric or hybrid from 2019 and France pledged to ban sales of new petrol and diesel cars by 2040. “Electric vehicles are coming – how quickly is the question,” said Roisin Quinn, head of strategy at National Grid, adding that she expected battery-powered car sales to take off in the mid-2020s. ...

....The Visa report is the latest sign that consumers are growing more reluctant to commit to big spending decisions. New car sales in the UK fell for a third month in June, according to the Society of Motor Manufacturers and Traders, ending five years of solid growth. ...

....There are now 2m globally, out of more than 1bn cars in total, showing the mountain that still needs to be climbed. Bloomberg predicts 41m electric car sales a year in 2040, while BP this year revised its prediction upwards by 43m to a total of 100m on the roads by 2035. ...

....2% – the lowest of any of the major G7 industrial nations. Spending in the shops, new car sales and property transactions have all showed signs of weakness, and the Bank of England has expressed concern about rising levels of consumer debt. ...

....British households are cutting back as the Brexit effect on the pound continues to raise living costs, according to a clutch of reports that show shops, car dealerships and other consumer-facing businesses coming under pressure last month. Uncertainty about the outcome of Thursday’s election was also cited as a factor as the reports showed a drop in retail sales, a slowdown for the vast services sector and a fall in new car sales last month. ...

....“Car production fell significantly in April due to the later Easter bank holiday weekend, which reduced the number of active production days that month, and also due to unplanned production adjustments,” said Mike Hawes, chief executive of the SMMT. The drop in car production echoed the trend in new car sales, which fell 20% in April compared with a year earlier, as government cuts to subsidies for green cars and a rise in prices hit demand. ...

....The DB11, the first model Aston Martin has launched under a technology partnership with Daimler, accounted for the majority of 1,203 vehicles sold during the period. Its popularity boosted car sales by 75%, doubled revenues to £188m and turned the £30m loss suffered in the first quarter of last year into a £5. ...

.... The Society for Motor Manufacturers and Traders warned in November car manufacturing was at risk of “death by a thousand cuts” if companies choose to invest in other countries. New car sales fell 20% to 152,076 in April compared with a year earlier. ...

.... And loans have turned in recent years into leases that have customers renewing contracts every three years, keeping them in effect permanently hooked. The main consumer regulator for the financial services industry, the Financial Conduct Authority, is reviewing the market for car leasing, which now accounts for more than 90% of car sales, to check for mis-selling to poorer households who will be vulnerable to default. ...

.... Retail sales were 1. 8% lower in March than in February, the Society of Motor Manufacturers and Traders said new car sales were almost 20% lower in April than a year earlier, while the Halifax said house prices in April – the start of the spring housebuying season – fell 0. ...

.... Cash purchases for the legion of souped-up shiny 4x4s, SUVs and estate cars that populate Britain’s streets are almost unknown. The boom in debt-financed car sales stems from the convergence of ultra-low interest rates and falling oil prices, which almost halved in 2014. ...

....Distribution network operators, who connect the national grid at a local level to homes and businesses, fear clustering of electric cars, but say such hotspots have not yet become a serious problem for their infrastructure. However, the Green Alliance noted that electric car sales were up 56% last year on 2015 figures, and said falling costs would drive a rapid uptake. ...

....Neither argument looks entirely convincing. Robust car sales suggest consumers are happy to buy big-ticket items, while the recent rise in the cost of living has been modest by historic standards. ...

.... Meanwhile, imported cars are likely to become more expensive because of the fall in value of the pound, he points out. "There may have been an element of a last hurrah in March's record car sales performance," he said. ...

....A report from the British Retail Consortium and KPMG found that the spurt in consumer spending seen in the run-up to Christmas had come to an abrupt halt, with the result that non-food sales are falling for the first time since the economy was flirting with a double-dip recession in November 2011. Further evidence that consumers are becoming more cautious was provided by the the Society of Motor Manufacturers and Traders, which released figures on Monday showing a drop of more than 4% in private car sales last month. ...

.... “The toxic state of our air leaves us with no choice but to rid our city of the most polluting diesel vehicles. It is shocking that nearly half of new car sales in the UK are still diesel vehicles and the national system of vehicle excise duty still incentivises motorists to buy these polluting cars,” Khan said. ...

....Under these cheap leasing deals, buyers pay a small deposit and then commit to making a monthly payment for the next three years with the option to buy or hand back the car at the end. The rise of PCPs helps to explain rocketing car sales in Britain despite flat or falling household incomes. ...

.... That doesn’t mean there isn’t still work to do,” he said. However, Dan Hopcroft, residential sales director at EDF Energy, said branding the major energy providers “dismal” and on a par with used car salesmen was unfair. ...

....Its chief executive, Simon Wolfson – a prominent Vote Leave campaigner, said consumers were buying less clothes and instead spending their money on leisure activities: “Clothing has had a good run. It had a soft landing during the credit crunch when things like car sales were hit harder but now there is a shift away from clothing to more experiential based spending like eating out, holidays and visitor attractions. ...

.... Instead the company will add 700 jobs at a cost of $700m to a US plant in Michigan, the company announced, as part of its planned expansion of electrified and automated vehicles. Ford warned shareholders in September that prospects for 2017 were grim and car sales were likely to decline. ...

....Sweden is Volvo's second-biggest market behind China. The Swedish carmakers' association said 2016 saw record car sales with 372,000 new registrations, up by 8% on the 2015 figure, helped by a strong economy, while truck sales were up by more than 15%. ...

....The weaker pound has helped to boost exports, business investment is growing faster than expected, and UK retail sales grew once again in November, boosted by Black Friday. New car sales are set to hit a record high by the end of this year, according to the Society of Motor Manufacturers and Traders, beating last year’s figure of 2. ...

....Britain’s car industry has enjoyed a period of strength over recent years, as cheap finance deals and more efficient models attract consumers. New car sales are on course for a fifth consecutive year of growth in 2016, and 2015 marked a 10-year high for car manufacturing. ...

.... Consumer confidence has started to fall again after a brief recovery in August and September. Sales of private car sales, for so long the engine of the economy, have fallen in every month since April. ...

.... Brazil is in the throws of a large-scale corruption scandal, which has seen its president, Dilma Rouseff, impeached and removed from office. A separate report from the European carmakers' association, ACEA, said that European car sales grew by 7% last month to 1. ...

....It was also higher than the 3% rise in first-half sales of new cars. The trade body's figures show that in the first five years following the 2008 financial crisis, and the subsequent economic recession, second-hand car sales fell sharply, and then stood still. ...

.... . The dealer, Napleton Automotive Group, said the firm encouraged dealers to lie about monthly car sales and offered the boss of Napleton $20,000 (£15,000) in exchange for falsely reporting the sales of 40 new vehicles. ...

....For the month of June, it was the first fall in five years. Mike Hawes, the SMMT’s chief executive, said it was too early to tell what impact the vote to leave the EU would have on car sales, but said the government must do all it could to shore up confidence. ...

....It added it was too early to tell if the result of the referendum had affected sales. The fall in new car sales was the first since October 2015 and only the second monthly fall since February 2012. ...

....Yellen would be unwise to dismiss concerns over an impending crash in China when President Xi Jinping himself has highlighted the risks of a growing debt mountain. For now in China, with car sales accelerating and imports showing signs of improvement, domestic demand appears to be picking up and supporting growth. ...

....Some 189,505 cars were registered during the month, up 2% on the same month last year and the highest number recorded for April since 2003, said the Society of Motor Manufacturers and Traders (SMMT). Related: UK records highest monthly car sales in almost 20 years. ...

....To date, the new car market has been a huge success. In three years, CarWow has powered 25,000 car sales worth £600m – on which the site makes an undisclosed commission – through 1,500 dealers. ...

....Another significant change is the value put on “transport services” provided by households. This week record car sales were reported, jumping to more than 500,000 in March alone, yet the number of miles driven by households – to go to work or the shops, collecting children from school, etc – remains significantly below the levels recorded a decade ago. ...

....Top of the best sellers was the Ford Fiesta, which has also been the most popular model of the last year, showed the SMMT data. Volkswagen car sales also last month turned around a five month decline that had set in after the diesel emissions scandal broke last year. ...